Fisheries (Revision of Loans) Act, 1931

Writing off of irrecoverable balances.

4.—The Minister for Finance, on being satisfied that the balance for the time being outstanding and unpaid of any loan (whether made before or after the passing of this Act) is irrecoverable, may authorise the Minister to write off such balance as an irrecoverable debt, and thereupon the Minister shall write off such balance accordingly.